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Khalsa.
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February 16, 2016 at 21:39 #21167
SYSTEMS FOR WEDNESDAY 17TH FEBRUARY 2016
Hi all,
Recap ….
Intraday wise …. I banked 0 points today.
I have 2 Longs in Oil, 3 shorts in spoos & 2 swing positions in spoos open.
Onto today …
KP
None in play.KTB
We have a KTB2 triggered at close on 03/02/2016.
It is now negated after DAY5.KTS
We have a KTS triggered at close on 10/02/2016.
It is now negated after DAY3.SYSTEM BDIP
We have a BDUP triggered at close on 16/02/2016.
TODAY S DAY1.DAY1…
DAY2…
DAY3…
DAY4…DDUD
We have a DDUD triggered at close on 08/01/2016.
It is now negated after DAY14.SYSTEMS TRIGGERED
ESL2 NEXT DAY (KHC-4)
GIVES -4/ -7ESHA
ESL3 (KHC-5)
SHOULD GET A GOOD NEGATIVE PRINT . DOES NOT ALWAYS CLOSE AT LOWS.ES4B
SYSTEM 80
USUALLY GET -3. IF IT GAPS UP OPEN, THEN USUALLY NOT MUCH DOWNSIDE PAST -3 AND CAN CLOSE +VE. USUALLY DOES NOT CLOSE AT HIGHS. SMALL CHANCE OF BEING A DDDD DAYSYSTEM SPXL1
VERY ERRATIC SYSTEM IN TERMS OF HIGH/LOW/CLOSE. USUALLY IS A DOJI DAY WITHIN +5 / -5. TRADING > +5 USUALLY CLOSES POSITIVE, TRADING < -5 CLOSES NEGATIVE. THAT’S WHEN IT BECOMES A TRENDING SYSTEMSPX3B
SHOULD GET +3/+5, -3/-5. DOJI TYPE DAY WITH A CLOSE WITHIN THAT RANGESPX4A
SYSTEM SPX7
STARTS OF LOOKING LIKE TRENDING BUT DOES NOT CLOSE AT HIGHS OR LOWSSYSTEM SPX9
SHOULD NOT MAKE MUCH UPSIDE PROGRESS, IF LOW < -3 GOOD CHANCE OF NEGATIVE CLOSE. ANY GAP OPEN SHOULD FILL THE SAME DAY.SPX 10C
MORE DOWNSIDE THAN UPSIDE, SHOULD GET -3 POSSIBLY -5. IF TRADE PAST +4 CAN CLOSE POSITIVESpoos closed at 1888.50 (basis Mar)
K+3 = 1891.50
K-3 = 1885.50
Conclusion
We have 1 KHC-4 & 1 KHC-5 SYSTEMS in play.
We have a BDIP DAY1 in play.
The KTS has negated but we are also on the watch for a new KTS trigger.
Plan your trade, trade your plan!
February 17, 2016 at 07:38 #21168Just closed an overnight short. Was less than half usual stake so 2 and a bit points really rather than 6. Every little helps!
Off to The Shard shortly…. ?
February 17, 2016 at 08:52 #21169Well done Dan. Nothing really conclusive from the SYSTEMS re: the downside sticking.
The negative KHC’s have printed.
Tough call as it stands and does not quite seem ready to make downside.
It looks like it may need a “false” move over 1900 and then it can fall
Plan your trade, trade your plan!
February 17, 2016 at 15:02 #21174We’re now 100 points up from the spike low last week – how quickly the picture can change.
February 17, 2016 at 15:07 #21175well you got to be in it to win it, between now and opex friday there will be a high to short up to heavy resistance into 1940’s cash.
February 17, 2016 at 15:11 #21176No GFS today.
Navnit
Plan your trade, trade your plan!
February 17, 2016 at 15:12 #21177Looks like we could make 1940 cash today Smashie!
February 17, 2016 at 15:26 #21178Looks like we could make 1940 cash today Smashie!
Yeah Qman could easily happen – FOMC minutes out at 7pm.
First the 3.30pm high, then we’ll see.
February 17, 2016 at 15:54 #21179Short 1919.25
As Smashie says, got to be in it, to win it.
The move up does not surprise me, so am quite chilled as it stands.
Plan your trade, trade your plan!
February 17, 2016 at 15:59 #21180Worse than Draghi’s “whatever it takes” was Dans “dipsters are dead” post lol.
Plan your trade, trade your plan!
February 17, 2016 at 16:04 #21181Still way above the ongoing CIT and hence still bullish.
1940 remains the max allowed really here again as above that something else is going on
Plan your trade, trade your plan!
February 17, 2016 at 16:07 #21183We’re now 100 points up from the spike low last week – how quickly the picture can change.
Make that 120 points now from the spike low.
Plan your trade, trade your plan!
February 17, 2016 at 16:25 #21184It will be very hard to get a KTS at close today.
There will be a pseudo 3 white soldiers pattern on SPX daily. Not truly conforming as the opening should be in the body of the previous days candle, hence why I called it pseudo
Plan your trade, trade your plan!
February 17, 2016 at 16:38 #21186Added to short at 1920.25 just to tray and make 5-7 points on it today
Plan your trade, trade your plan!
February 17, 2016 at 16:39 #211871914 makes sense.
Limits in to close 1914.25 for 6 points.
Plan your trade, trade your plan!
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